Lottery Securities Purchases

Illinois Lottery annuitized prizes are funded through the purchase of U.S. government securities. Any brokerage firms interested in bidding on these transactions may contact the Lottery's Finance Manager at (217) 558-4817 for additional information.

Lottery Investments

Certain Lottery prizes awarded are payable to the winners in annual installments ranging from 19 years to life of the prize winners, with the first payment being made at the time of the drawing. Effective July 30, 1985, the law provides that the State Treasurer may, with consent of the Director; contract to invest in securities which provide payments corresponding to the Department's obligations to these winners.

Money may be invested only in bonds, notes, certificates of indebtedness, treasury bills, or other securities constituting direct obligations of the United States of America and all securities or obligations the prompt payment of principal and interest of which is guaranteed by a pledge of the full faith and credit of the United States of America.

October 31, 2016

Fair Value

PNC

$ 308,714,600

Total

$ 308,714,600

Interest Rate Percentages:

Percent

Minimum interest rate

1.806%

Maximum interest rate

7.741%

Investment Income and Average Yield Rate:

Investment Income

$ 5,779,618

Average Yield Rate

3.478%

Monthly investment income and the average yield rate is an "effective" income amount and yield rate. There is no cash realization of interest income by the Lottery Department. The yield rate is computed by dividing the effective investment income for the month by the average present value of the investments for the month.

*By texting “MOBILEAPP” to 87329 to download, you authorize IL Lottery to send 1 msg on the Illinois Lottery mobile app to the number you provide using an automated dialer. Consent is not required as a condition of purchase. Your text is your electronic signature agreeing to these terms and giving electronic written consent. Call 1-800-252-1775 for a free paper copy of these terms. Reply HELP for help. Msg and data rates may apply. Not all carriers covered. IL Lottery Privacy Policy available here.

Play Responsibly. Must be 18 or older to play. If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537). For more info or to exclude yourself call 1-800-252-1775.

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